San Jose, CA-headquartered Cisco Systems will begin manufacturing from India to diversify its global supply chain. The factory is expected to be operational in 12 months and will generate $1 billion in total revenue including exports, said Cisco Chairman and Chief Executive Chuck Robbins. Cisco is building core manufacturing capabilities...
Zymr Opens Third Tech Center in India
San Jose, CA-based cloud technology services provider Zymr Systems inaugurated its third development center in India's southern city of Bangalore the fourth largest technology cluster in the world after Silicon Valley, Boston, and London. Ashok Desai, chief business officer and co-founder said, " Zymr can establish even closer ties with the...
Flex Expands Operations in India
San Jose, CA-based Flex, electronics and original design manufacturer launched a new manufacturing facility, Flex Chennai Industrial Park 3, at Walajabad, in India's southern state of Tamil Nadu. In addition to this new plant, Flex has ten other facilities in India totaling more than one million square feet. Richard Hopkins,...
Aridis Pharma Enters Option Agreement with Serum Institute of India
San Jose, CA headquartered Aridis Pharmaceuticals entered into an option agreement with Serum International BV (SIBV), -- an affiliate of Pune-based Serum Institute of India, Ltd., -- the world’s largest vaccine manufacturer by dose units. The deal grants SIBV the option to license multiple programs from Aridis and access its...
Cisco Builds Smart Farming Ecosystem in Kerala
sSan Jose, CA-headquartered Cisco Systems signed a memorandum of understanding with the IT Mission of India's India's southern Kerala state to bring the benefits of digital technology and data science to the farming community in the state. The first phase of this initiative will be rolled out in 15 panchayats...
eBay to Invest $170 Million in India's E-Commerce Company
San Jose, CA-based eBay is poised to make a strategic investment of $170 million in Paytm Mall the Indian online retail platform space. Last year, the company sold its 6.55% stake it held in Flipkart for $1.1 billion when the startup was taken over by Walmart, and has been looking...